FX Week Asia is returning to Singapore in August 2017, where FX traders and other FX industry leaders will discuss the most pressing questions facing the market. FX Week is perfectly positioned to ofâ¦

These awards are the benchmark for performance in the global FX industry, the
FX Week Best Banks Awards are the most accurate indicator of who is leading the
market, according to banks, corporate treâ¦

Crackdown on risk budgets

FX Week staff

19 May 2003

Tweet

Facebook

LinkedIn

Save this article

Send to

Print this page

"Risk management -- for the oversight function at least -- should be funded independently," David Koenig, chair of the board of directors at Prmia, told FX Week. "Budgets should be set at executive level, not at business-line level."

Koenig said that some institutions had brought budgets for risk management within the remit of those business lines that create risk. While this was due to good intentions, he said: "It’s not necessarily the right thing to do."